This morning, Apple Inc.’s (AAPL) market value passed that of Hewlett-Packard (HPQ).
Currently, HP shares are down $0.05, at $47.49. With 2,618,889,000 shares outstanding, HP has a market value of $124,371,038,610.
Apple shares are up $9.02, at $146.28. With 864,948,000 shares outstanding, Apple has a market value of $126,524,593,440.
Other market values of companies of interest include:
• Microsoft (MSFT) – $289,730,780,280
• IBM (IBM) – $175,565,944,480
• Intel (INTC) – $140,950,600,000
• Nokia (NOK) – $107,821,075,960
• Dell (DELL) – $66,172,115,820
• Sony (SNE) – $51,738,994,890
• Research in Motion (RIMM) – $42,186,287,000
• Motorola (MOT) – $40,598,417,260
• Gateway (GTW) – $568,332,270
Quotes via NASDAQ are here.
THE most valuable personal computer maker in the world – bar none.
Should be worth some good publicity for them.
Gawd, but the stat above that thrills me the most is that DULL is now worth HALF (approx) of Apple, Inc.
How the worm has turned!
WE are Cupertino!
Intel next, then IBM then the longer [but ever shortening] road up the hill to MSFT!
At this rate it shouldn’t be long for the first two…
— Hano
It was only eighteen months ago when Jobs sent his internal memo:
“Team, it turned out that Michael Dell wasn’t perfect at predicting the future. Based on today’s stock market close, Apple is worth more than Dell. Stocks go up and down, and things may be different tomorrow, but I thought it was worth a moment of reflection today. Steve.”
Today, DELL is below what it used to be then (71.9B on that day; 66.5B now), and Apple has almost doubled.
Steve’s email from then may just as well be true today. HP might continue to grow, and AAPL may take a bit of a dip. Still, this is a historic milestone, since no other desktop computer hardware company (IBM exited the business, selling PC line to Lenovo) has bigger market capitalisation.
“Macaday” is right; this should get them plenty of publicity.
AAPL is at $147.97.
YOWZA’S!!!
It’s also time for MSFT’s cap to start descending as institutions start bailing. That will be Vistarific. The Wow really has started.
Today’s quiz: Who made the following statements?
1) “Apple should just close shop and give shareholders back their money.”
2) “I’m putting a sell on Apple.”
3) “Demand for the iPhone has been declining.”
4) “D’oh!”
This is huge newz…as most people don’t have a clue and can’t even imagine Apple being worth what HP is…AAPL should go up just on this news alone.
Will the lazy journalists write headlines that Apple surpases HP in market value?…not a chance!
1) – Michael Dell
2) – the nutjob from israel
3) – Uncle Fester? not sure on this one.
4) – Enderly, thurrott, and the rest of the MSFT slytherins.
Alright Abdullah,
You have me intritgued.
Who really said “Apple should just close shop and give shareholders back their money” and when did they say it, or what event led to this statement?
@Big Mac Attack.
Link to the Michael Dell statement
http://news.com.com/Dell+Apple+should+close+shop/2100-1001_3-203937.html
Abdullah,
1. Michael Dell
2. Laura Goldman
3. Rex Crum (?)
4. Homer J. Simpson
Attn: Big Mac Attack
You must be new here…. it’s a recurring theme….
Here is an article from 10 years ago…
http://news.com.com/Dell+Apple+should+close+shop/2100-1001_3-203937.html
HP now in the rear view mirror…on the horizon…Intel…in a few years…one trillion in market value…next…early retirement.
And that’s only ~5% of computer market share in US and 3% worldwide (conservative).
Imagine this at 10% US and 6% worldwide.
That’s the real WOW!
Apple now has greater market value than Dell & Sony combined.
Abdullah,
1. Michael Dell
2. Laura Goldman
3. Ittai Kidron. He is a neighbor of one of my co-worker. He really is a moron
Time to acquire Adobe
APPL 126B DELL 63B
We just doubled Dell in Market cap
Michael Dell said that in 1997, the year Jobs came back to Apple. At the time Apple was losing money and was quite frankly moribund as a company. Years of mismanagementm from who else Harvard MBAs, almost strangled the lifeblood from the company. In addition, Microsoft was at the pinnacle of its power selling Windows to every damn company that would put together a computer. Its rip-off of the Mac was gobbled up by idiots everywhere who had the nerve to snicker at Mac users for using a toy machine not realizing their biggest advancement in computing was a rip off of the Mac. The board at the time, finally got rid of Gil “I’m the one who really turned Apple around” Amelio and Jobs was brought in. One business rag, forgot which one although it does’nt matter because they are all the same asked a bunch of people how they would save Apple. One of the people they asked was Michael Dell, who became the #1 seller of drecht, who famously replied “I would shut it down and give the money back to the shareholders.”
Steve Jobs was livid and announced at the next Macworld that he was going to go after Michael Dell. About a decade later Apple surpassed Dell in market value.
… Don’t ya think that beleaguered Dread should sell and pay back there shareholders now. Just a thought. …
Stocks are stocks and only vaguely represent the company that issues them. HPQ stock has doubled its value over the past two years. And “Cramer said that he still considers H-P “criminally cheap” and that even though Dell may seem expensive, its growth rate should accelerate” – Apple stock price needs to continue to rise unrealistically or HPQ will catch up and re-take the lead.
Does this matter? Not a bit! Dell is in Apple’s dust – and deserves to be – but HPQ is a strong company that isn’t going anywhere soon – except ‘up’.
DLMeyer – the Voice of G.L.Horton’s Stage Page Pod Cast – currently discussing Mumbet
I have no problem with HP
“About a decade later Apple surpassed Dell in market value.”
um…
Apple Marketshare today: $126,524,593,440
DELL Marketshare today: $66,172,115,820
Surpassed??? Wow that’s an understatement.
I had a Dell a few years back… It was a $1500 piece of crap.
(aside from the fact that it shipped with Winblows ME) *shudder*
Yes! Acquire Adobe and save them from themselves – before they bloat again.
Why gloat over HP’s surpassing? Even Steve Jobs admired HP in the early 80’s when they were developing laser printers. He thought HP was doing some things better than Apple was doing in R&D.
Surpassing HP is a milestone, not for vengeful reasons (as DELL was last year in January), but for the reasons of significance. We must remember, HP represents the old HP, then Compaq, then Digital, as well, and a few other small players that HP gobbled up on its way. HP is an admirable company. To surpass HPs market cap is a remarkable feat, especially for a company that was only ten years ago almost pronounced dead.
HP will definitely continue to grow. However, as it stands right now, Apple shows much greater potential and will likely exceed HPs growth rate, and therefore expand the lead in market cap.
On another note; today, DJIA (and other indices) sharply declined; yet, AAPL continues to hold its strong (about 7%) gain. When the investors come back tomorrow, there’s no reason to believe that the growth wouldn’t continue.
As well all know on these forums, Apple is an insanely innovative company with an incredible momentum. It’s good to be AAPL stockholder…
HP makes the best RPN calculators
Oh, look at cute little Gateway at $570M, so cuuute
“HP makes the best RPN calculators”
They sure do.
I like to have one around so I can decode wasraW, nilbiL,
elopO and eciwotaK when I need it.
apple is tied with gateway as the 4th largest coomputer manufacturer, yet it just over too the number 1 manufacturer in valuation. just goes to show you don’t have to make the most, just make a good product that inspirers insane customer loyalty.
also a quote from the news article in 1997: “There is some concern that Apple will have a hard time recruiting a top-notch CEO because of Jobs’s presence.”
how glad we can be that no top-notch CEO was ever recruited by AAPL
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@the real value:
By the way, Apple is valued 222 x Gateway!
I was wondering if it would be useful for Apple to gobble up Gateway… They have some real estate and stores, they have some (probably unhappy) employees, they have some… Oh… I ran out of ideas.
I guess the only thing it would really achieve is taking out a competitor that is already on its way out.
@Dutch
Adobe’s market cap is $24,219,967,140
That 1/5th of Apple’s value.
So it might be doable. I don’t know if Apple has 25B in cash, but if Jobs wants to buy Adobe, he could find a way.
Unless, of course, he plans to bring Adobe down without buying it: Making better software!
An easy acquisition that could actually bring enormous income and take us back to “the whole widget” is:
AT&T (Market value = $1,101,700,000)
I’m pretty sure Apple could spare a billion…
Umm “Too Hot!”… that’s more like “T” and it’s still way bigger than AAPL…
http://finance.yahoo.com/q?s=t
“There is some concern that Apple will have a hard time recruiting a top-notch CEO because of Jobs’s presence.”
Now THAT is funny.
“To surpass HPs market cap is a remarkable feat, especially for a company that was only ten years ago almost pronounced dead.”
HPQ ~92 billion revenue, ~6 Billion profit
DELL ~57 billion revenue ~2.6 billion profit
AAPL ~19 billion revenue ~2 billion profit
There’s some “surpassing” going on, but only in what people will pay for Apple. That’s all a bet on where Apple might be in the future, not where it is today.
“Now THAT is funny.”
Not so funny, once he’s gone, the RDF will collapse, and nobody wants to preside over that. The next CEO of Apple will be a sacrificial goat.
“AT&T (Market value = $1,101,700,000)”
Wrong, try 250 billion.
Well, for whatever reason, AT&T has 2 stock symbols: “ATT” and “T”.
When I looked up the “ATT” symbol, the market value was 1B.
It is 246B when you look up “T”.
There is no need for name calling. Just an honest error.
“There is no need for name calling. Just an honest error.”
how can you not know that AT&T, a Dow component and one of the oldest and largest corporations in the country has the simple symbol T?
Even if you didn’t know that, How, when you saw the market cap of one billion didn’t you think, That’s not right, something wrong here…
Answer, because all you know about stocks you get from googling around prior to making uninformed posts.
That makes you a dumbass.